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بوابة الفجر
Madagascar Leaders Discuss Investment Ties
The Egyptian Minister of Investment and Foreign Trade discussed strengthening economic and investment relations with Madagascar. He met with President M Randrianirina and participated in a roundtable discussion with senior officials and businessmen from both sides. The meeting focused on enhancing cooperation in infrastructure projects, such as the highway project connecting Antananarivo, the capital, with the Tamasina port, involving investments of around 923 million dollars and creating approximately 690 jobs. An agreement was also reached to support the development of Madagascar’s new capital, Tananamaandrou, utilizing Egyptian expertise. Although the trade exchange volume reached 123 million dollars in 2025, both sides believe the economic potential of the two countries is still underexploited, with significant opportunities in sectors such as agriculture, energy, and logistics. The meetings emphasized the importance of African cooperation and promoting economic integration, with Madagascar looking to capitalize on the Egyptian market opportunities and its strategic location. Arrangements were made to organize joint visits and initiatives to support investments and sustainable development between the two nations.
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